GCC
Robust capitalization and profitability to uphold GCC banks, despite emerging risks
Safest city since 2017, and still going strong
First upgrade since 2007
GCC countries witnessed 46 issuances with total proceeds worth $10.79 billion
OPEC maintains 2.25 mn bpd demand growth forecast
Investment portfolio includes several banks listed in GCC markets
S&P Global expects issuances to reach between $160-170 billion in 2024
Global economic growth to record 2.4 percent growth in 2024
UAE and Saudi Arabia are emerging as key global players
Budget gap prompts focus on economic diversification
